An auction was held on 29.3.2007 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to £75.000.000 Treasury Bills with date of issue 30.3.2007 and 13 weeks maturity.
Only competitive bids amounting to £58.000.000 were submitted out of which £28.000.000 were accepted.
The lowest and highest prices of the competitive bids accepted were £991,00 and £991,35 respectively for every £1.000 nominal value of Treasury Bills, representing annual yields of 3,64% and 3,50% respectively. The weighted average price of the competitive bids accepted was £991,08 per £1.000 nominal value representing an annual yield of 3,61%.